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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (140844)	10/11/2008 12:10:24 PM
From: geode00	Read Replies (1) \| Respond to of 173976

Why do people keep calling them Lehman bonds? I thought that the bonds were marked so far down that the holders of the CDS now have to pony up the difference. Am I not understanding this correctly? =============== "Earlier action in the auction suggested Lehman bonds might be worth almost 10 cents on the dollar. The final result means sellers of protection in the credit-default-swap market may have to pay out more than expected to settle the contracts." marketwatch.com{A5ACF291-FC4D-478D-845D-8713E50448B3}&dist=hpts